Offering's proceeds used for exploration and general working capital
By Devika Patel
Knoxville, Tenn., Nov. 29 - Firestone Ventures Inc. announced it will raise C$1 million in a non-brokered private placement of units.
The company will sell 20 million units of one common share and one warrant at C$0.05 per unit.
Each one-year warrant will be exercisable at C$0.10, a 66.67% premium to the Nov. 28 closing share price of C$0.06.
Proceeds will be used for exploration and general working capital.
Firestone is a resource exploration and development company based in Edmonton, Alta.
| Issuer: | Firestone Ventures Inc.
|
| Issue: | Units of one common share and a warrant
|
| Amount: | C$1 million
|
| Units: | 20 million
|
| Price: | C$0.05
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.10
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 29
|
| Stock symbol: | TSX Venture: FV
|
| Stock price: | C$0.06 at close Nov. 28
|
| Market capitalization: | C$6.69 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
